Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy Florida selects locations for 2016 Site Readiness Program

[PR Newswire] – ST. PETERSBURG, Fla., June 10, 2016 /PRNewswire/ — Duke Energy has selected five Florida properties for participation in this year’s Site Readiness Program to prepare them for business and industrial development. The company’s award-winning endeavor identifies high-quality industrial sites in its service areas then collaborates with county leaders and local economic development professionals to develop a strategy for providing water, sewer, natural gas and electricity to the parcels and help diversify Florida’s economy. The BKV Technology Center is located at the Brooksville Tampa Bay Airport and is owned by Hernando County. Read more on this. Duke Energy Corporation (DUK) , currently valued at $56.02B, opened this morning at $81.23. Looking at the equity, the company’s one day range is $80.94 to $81.60 and has traded between $65.50 and $81.60 over the past year. DUK shares are currently priced at 17.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.01x earnings multiple for the same period. The company pays shareholders $3.30 per share annually in dividends, yielding 4.13%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $1.00 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.59 would be a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.71 Billion. If realized, that would be a 2.15% increase over the year-ago quarter. In terms of ratings, JP Morgan downgraded DUK from Overweight to Neutral (Feb 19, 2016). Previously, Wells Fargo downgraded DUK from Outperform to Market Perform. Given all the information above, we should disclose to readers that the average price target is $80.18, which is 1.29% below than it opened this morning. See more in (NYSE:DUK) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy to announce first quarter 2016 earnings on May 3 Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy awards nearly $1.4 million to jumpstart job readiness in North Carolina Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy customers surpass 1 terawatt of energy savings through My Home Energy Report Program